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"Sources" Say Comcast-Time Warner Merger is Dead

posted by martyb on Friday April 24 2015, @07:25AM   Printer-friendly
from the bring-out-your-dead! dept.

takyon writes:

Comcast is reportedly backing out of its planned acquisition of Time Warner Cable. What's more, Comcast will not have to pay a breakup fee... unlike AT&T after its failed merger with T-Mobile US. Time Warner Cable CEO Rob Marcus will forgo $80 million due to the failure of the acquisition.

 
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  • (Score: 3, Informative) by MrGuy on Friday April 24 2015, @01:59PM

    by MrGuy (1007) on Friday April 24 2015, @01:59PM (#174652)

    There are many reasons to be distrustful of large corporations, and many shady moves to be on the lookout for.

    This is not one of them.

    There's no such thing as a "stealth" merger of public companies. Even a non-merger "coordination" of activities (for example, agreeing to coordinate their negotiating positions to content providers) would run afoul of anti-trust laws (and trust me - the content providers would be quick to complain if they suspected this).

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